Business Description

Inter Pipeline Ltd was incorporated on January 29, 2013. It is a petroleum transportation, storage and natural gas liquids extraction company based in Calgary, Alberta, Canada. The Company is comprised of four industry operating segments located in two geographical segments: oil sands transportation business, conventional oil pipeline business and natural gas liquids (NGL) extraction business all operating in Canada, while the bulk liquid storage business operates in Europe. The oil sands transportation business consists of three pipeline systems that transport petroleum products and diluent and provide related blending and handling services in northern Alberta. The Corridor, Cold Lake and Polaris pipeline systems operate under long-term contracts with a limited number of customers. The conventional oil pipeline business involves the transportation, storage and processing of hydrocarbons, as well as midstream marketing blending and handling services. The NGL extraction business consists of processing natural gas to extract NGLs including ethane and a mixture of propane, butane and pentanes plus (collectively known as propane-plus). The bulk liquid storage business involves the primary storage and handling of bulk liquid products through the operation of eight bulk liquid storage terminals located in the United Kingdom (UK), Germany, and Ireland, referred to collectively as Simon Storage, and four bulk liquid storage terminals located in Denmark, referred to collectively as Inter Terminals. The Company has two geographic segments, Canada and Europe. The bulk liquid storage business is located in Europe, while all other operating segments are located in Canada.

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